The raise was a combination of debt and equity, with the equity led by B Capital, with March Capital, Point72 Ventures, FinTech Collective and new investor Commerce Ventures also participating. The company also recently hired PayPal veteran Francois Horikawa as CFO. Horikawa, who helped run PayPal's consumer business, indicates a focus on scaling as Extend broadens from payments into SaaS.
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Extend raises $20m and adds PayPal vet as CFO
"Naturally, we would work with the card networks, with the banks, with the processors, and have a revenue share deal so it doesn't actually cost them anything," Jamison says.
